A new report by Embroker reveals that 93% of startups now use cyber insurance. This is a big increase from just a few years ago. Why? Because cyberattacks are becoming more common, and startups want to protect themselves.
Cyber insurance helps businesses cover costs after a data breach or hack. These costs may include legal fees, customer notifications, and even ransom payments. For startups, losing data or facing a cyberattack can be devastating. Many small companies cannot recover from such incidents.
Experts say cyber threats are growing. Hackers often target startups because they may have weaker security systems. A single attack can cost a company thousands—or even millions—of dollars. Cyber insurance acts like a safety net, helping businesses survive these risks.
The report also found that startups are investing more in cybersecurity overall. They are using better software, training employees, and now, buying insurance. This shows that young companies are taking digital threats seriously.
Cybersecurity is no longer just a problem for big corporations. Small businesses and startups must also prepare. With cyber insurance becoming standard, the message is clear: protecting data is as important as making profits.
Would your business survive a cyberattack? If not, it might be time to consider cyber insurance. The risks are real, and startups are leading the way in defense.
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